25 or 50 I just can’t wait to get it over with.

“If they don’t do 50 tomorrow I’ll be shocked,” says Evercore ISI Founder Ed Hyman, one of Wall Street’s most closely watched and decorated economists, as he expects the Federal Reserve to cut rates on Wednesday and engineer a soft landing trib.al/Z2CiNBp

Enlightening quick trip down to DC — particularly relevant is this conversation with the CFTC chair, who has every ambition to crack down harder on election betting.

Meet the Trumps' banker he's financed Alex Jones, Binance.US, and he makes more than Jamie Dimon killer story by Max Abelson *gift link* bloomberg.com/news/features/…

The Fed’s rate cut is imminent and many may wonder: “What’s next?” If what’s past is prologue, there may be volatile market days ahead. Grateful to share Northwestern Mutual’s investing perspectives with Sonali Basak on Bloomberg ETF IQ, starting at 18:04. bloomberg.com/news/videos/20…

Big moment in the world of hedge funds. Excited to have Nishant Kumar on our show tomorrow morning — don’t miss the conversation at 9:50 am Eastern.

Jamie Dimon on AI — “I think it’s going to cure cancer” “Is it going to be deflationary in the short run — no way… we’re spending a lot of money on it”

Jamie Dimon’s advice to students: “for most of you guys, turn off TikTok, turn off Facebook” He calls it a waste of time, tells them to read history books instead until maybe one day you can inject knowledge into your brain

This is GOLD. Jamie Dimon is holding bankers accountable down to their bonuses on how they treat junior bankers. There’s a serious critique here on private equity junior hiring too that’s worth watching…

"...Mr. Greenspan said the committee still believes monetary policy can be tightened at that "measured" pace. But "should that judgment prove misplaced," he said, "the FOMC is prepared to do what is required to fulfill our obligations to achieve the maintenance of price stability

Big jump in refi applications:

IT’S FED DAY!!!! 25 or 50, let’s soak in the gravity of the beginning of a historic rate cutting cycle and recognize that the path forward — how much / how fast — is as important than today’s number itself

Don’t miss it!! A lot to discuss with Steven Eisman & Matt Miller on Open Interest tomorrow morning at 10 am New York time. Bloomberg TV

This is arguably the first time we've seen a Draghi style move from Powell... Pushing the committee into a decision that many we're possibly not ready to make.

Teamsters will NOT endorse Trump or Harris for president. “Unfortunately, neither major candidate was able to make serious commitments to our union to ensure the interests of working people are always put before Big Business,” the union said in a statement.

Takeaways from Fed Chair Jerome Powell’s press conference: · It’s definitely a series of cuts, albeit a "recalibration," ahead: “We have in fact begun the cutting cycle now.” · The larger cut was mostly about risk management: “We don’t think we’re behind…. You can take this as

the 10y yield is +6 bps and stocks are down. woah... maybe 25 bps was the right call. crazy

Loved this conversation with Nishant — and a must watch to understand what’s going on with this generation of top hedge fund talent

"It has been 27 years and counting since the four corners of congressional leadership managed to do one of their most important jobs on time — fully fund the federal government through appropriation bills." axios.com/2024/09/19/con…

I’ve vented for a year - mostly to ⁦Katie Greifeld⁩ ⁦Sonali Basak⁩ ⁦Bloomberg⁩ - that ⁦$PYPL⁩ *should* win if the new(ish) team executes: 🌱⁦Amazon⁩ adds ⁦PayPal⁩ as a payment option to Buy with Prime ⁦TechCrunch⁩ techcrunch.com/2024/09/18/ama…